Analysts expect Harley-Davidson (NYSE:HOG) to post $1.45 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for Harley-Davidson’s earnings, with the highest sales estimate coming in at $1.59 billion and the lowest estimate coming in at $1.30 billion. Harley-Davidson reported sales of $1.58 billion in the same quarter last year, which would suggest a negative year over year growth rate of 8.2%. The company is expected to issue its next earnings results on Tuesday, July 17th.
On average, analysts expect that Harley-Davidson will report full-year sales of $4.98 billion for the current year, with estimates ranging from $4.82 billion to $5.24 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $5.11 billion per share, with estimates ranging from $4.98 billion to $5.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Harley-Davidson.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, April 24th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.16. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.24 billion. Harley-Davidson had a return on equity of 32.45% and a net margin of 10.31%. Harley-Davidson’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share.
Several research firms have recently issued reports on HOG. ValuEngine lowered Harley-Davidson from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised Harley-Davidson from a “sell” rating to a “hold” rating in a report on Tuesday, April 24th. Goldman Sachs reduced their target price on Harley-Davidson from $47.00 to $45.00 and set a “hold” rating for the company in a report on Tuesday, April 17th. Stifel Nicolaus reduced their target price on Harley-Davidson from $49.00 to $45.00 and set a “hold” rating for the company in a report on Friday, April 13th. Finally, Wedbush set a $44.00 target price on Harley-Davidson and gave the company a “hold” rating in a report on Wednesday, April 11th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $50.75.
A number of hedge funds and other institutional investors have recently made changes to their positions in HOG. W.G. Shaheen & Associates DBA Whitney & Co bought a new position in shares of Harley-Davidson in the first quarter worth $103,000. Banco de Sabadell S.A bought a new position in shares of Harley-Davidson in the first quarter worth $127,000. Ballew Advisors Inc bought a new position in shares of Harley-Davidson in the first quarter worth $134,000. Rampart Investment Management Company LLC boosted its holdings in shares of Harley-Davidson by 114.0% in the first quarter. Rampart Investment Management Company LLC now owns 4,932 shares of the company’s stock worth $211,000 after acquiring an additional 2,627 shares during the period. Finally, IFG Advisory LLC bought a new position in shares of Harley-Davidson in the fourth quarter worth $239,000. 96.22% of the stock is owned by institutional investors and hedge funds.
Shares of Harley-Davidson traded up $0.18, hitting $42.68, during trading on Wednesday, Marketbeat reports. The company’s stock had a trading volume of 1,417,400 shares, compared to its average volume of 2,731,579. The firm has a market cap of $7.07 billion, a PE ratio of 12.19, a P/E/G ratio of 1.38 and a beta of 0.89. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 2.06. Harley-Davidson has a 52 week low of $39.34 and a 52 week high of $56.95.
Harley-Davidson declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 5th that permits the company to buyback 15,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.47%. The ex-dividend date is Wednesday, May 30th. Harley-Davidson’s dividend payout ratio (DPR) is 42.29%.
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.
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